Bag and luggage shop

Everyday shoppers, students, commuters, holidaymakers and people buying gifts.

You buy stock from wholesalers or suppliers and sell at a markup. Higher-value items like luggage and good backpacks lift the average sale, and accessories add easy extra sales.

• Choosing stock that suits your area
• Customer service and selling
• Stock control and basic bookkeeping

• Commercial lease terms, including length, rent reviews and fit-out costs
• Public liability and contents insurance, check what your landlord requires
• Slow-selling stock tying up cash, start with a tight range
• Council or centre rules on signage and trading hours, check with your local council
• Registering for GST once turnover reaches the threshold, and holding an ABN

Startup costs are typically around $25,000 to $100,000, depending on the premises, fit-out and how much stock you buy. These are estimates. Starting with a tight range can stop slow-selling stock tying up your cash.

Monthly revenue is typically around $8,000 to $40,000, depending on your location, range and foot traffic. This is revenue, not profit, so allow for rent, stock and other running costs when planning.

Check commercial lease terms, including length, rent reviews and fit-out costs, and public liability and contents insurance, including what your landlord requires. Also check council or centre rules on signage and trading hours, and ABN and GST registration once turnover reaches the threshold.